Is Dropshipping or Serviceshipping viable?
I am looking into launching a business with no coding required as a means to start some passive income streams.
Somehow this doesn't feel like a indiehackers thing but I wanted to know if any indiehackers have a side business doing dropshipping and whether you guys/gals have any experience settings something like this up? and whether or not it's viable?
I do dropshipping. I've been very busy with school lately so I don't do much with it. I have a $5/day ad on FB that runs 24/7 for a single product and break even for the month at the very least ($180/month) . I fully believe if I had more time I could grow this to $1000-$2000/month without much monthly effort. Right now it is VERY VERY PASSIVE, all I do is process orders 100% from my phone.
To easily up my income I could use retargeting ads, use a look-a-like audience instead of my original/broad target, add more products, test influencer marketing and a weekly news letter/ad via email. I don't do any of this.
As long as I keep breaking even, I'll keep this going as is. After school I'll look to implement what I listed above.